German open-ended funds may plough EUR 25 bn into global property

From Propertyeu.info: German open-ended funds (GOEFs) have the firepower to invest as much as EUR 25 bn in the global commercial real estate market over the next two years, according to a new report by CB Richard Ellis. The international broker based the claim on the funds’ high liquidity and projected cash inflows of EUR 7-8 bn in 2008.

‘The GOEFs’ unique characteristics as equity-rich, risk-averse investors give the sector heightened strength in today’s credit-scarce business climate,’ CBRE said in a statement….. Full Article: Source